JAPAN

Capital / Liquidity

JBA Rebuts BCBS Proposal on Sovereign Exposure Disclosures

By Manesh Samtani | 18/02/2020

The JBA said the BCBS should focus on ensuring full, timely and consistent implementation of Basel III reforms, rather than setting “fragmentary voluntary add-ons”.

Enforcement

Nissan Seeks Damages from Former Chairman Carlos Ghosn

By Editors | 14/02/2020

The lawsuit seeks $90mn initially, seeking to recover funds linked to fraudulent payments, as well as legal, regulatory and investigation costs already incurred by Nissan.

Fintech / Regtech

More Japanese Lawmakers Push for ‘Digital Yen’

By Editors | 13/02/2020

Former Ministry of Finance official Kozo Yamamoto says proposals are being drafted to make a digital yen a reality within two to three years.

Fintech / Regtech

HKEX Explores AI Use to Review Issuer Disclosures

By Manesh Samtani | 03/02/2020

In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.

Market Infrastructure

Japan Prepares Cyber Response Ahead of Tokyo Olympics

By Editors | 01/02/2020

In a September BOJ survey, 60% of banks said they were unable to secure enough staff to oversee cybersecurity, raising concerns of cyber attacks leading up to the Tokyo Olympics.

Japan to Launch New Benchmark Interest Rate by Mid 2021 – Report

By Editors | 31/01/2020

From around Q2 this year, ‘reference rates’ for the new benchmark will be released as a first step, which will not be used for actual transactions.

Fintech / Regtech

Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report

By Editors | 28/01/2020

The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.

Capital / Liquidity

Japan Banks to Hold More Capital Against Partner Relationships – Report

By Editors | 27/01/2020

Higher capital requirements could accelerate the unwinding of cross-shareholdings, a Japanese practice of owning shares in business partners.

Market Infrastructure

Japan to Allow Regional Banks to Expand Outside Core Business

By Editors | 17/01/2020

FSA commissioner Toshihide Endo wants struggling regional lenders to engage with customers and help them grow, as a way to boost bank profitability and regional economies.